Italy's $8 billion jewelry industry is drawing interest from Middle East investors, with one deal to be announced very soon - Reuters is reporting.

"We've seen acquisitions in recent years of companies like Pomellato and Bulgari and it's not over. We should see something very soon from a Middle East player," says Corrado Facco, managing director of VicenzaORO fair, one of the world's top gold jewelry fairs. "A lot of foreigners are looking and we've had a series of offers", Italy's famous jeweler Roberto Coin told Reuters.

(And if Italian jewelry industry is not enough, Middle East investors can, meanwhile, acquire Italian football clubs; Cagliari is close to being taken over by a Qatar investment group for around $100 million)